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Balances and Transactions With Related Parties (Tables)
 9 Months Ended
Sep. 30, 2023
Related Party Transactions [Abstract]  
Schedule of Principal Related Parties The principal related parties with which the Company had transactions during the years presented are as follows:
Name of Entity or Individual   Relationship with the Company
New Era Group Zhejiang New Energy Materials Co., Ltd.   Shareholder of company’s subsidiary
Zhengzhou BAK Battery Co., Ltd   Note a
Shenzhen BAK Battery Co., Ltd (“SZ BAK”)   Former subsidiary and refer to Note b
Shenzhen BAK Power Battery Co., Ltd (“BAK SZ”)   Former subsidiary and refer to Note b
Zhejiang Shengyang Renewable Resources Technology Co., Ltd.   Note c
(a)Mr. Xiangqian Li, the Company’s former CEO, is a director of Zhengzhou BAK Battery Co., Ltd. Zhengzhou BAK Battery Co., Ltd is a wholly owned subsidiary of BAK SZ.
(b)Mr. Xiangqian Li, the Company’s former CEO, is a director of Shenzhen BAK Battery Co., Ltd and Shenzhen BAK Power Battery Co., Ltd. On September 27, 2023, Nanjing CBAK New Energy Technology Co., Ltd. (“Nanjing CBAK”) entered into an Equity Transfer Agreement (the “Equity Transfer Agreement”) with Shenzhen BAK Battery Co., Ltd. (“SZ BAK”), under which SZ BAK shall sell a five percent (5%) equity interest in Shenzhen BAK Power Battery Co., Ltd. (“BAK SZ”) to Nanjing CBAK for a purchase price of RMB260 million (approximately $35.7 million) (note 13).
(c)On September 27, 2023, Hitrans entered into an Equity Transfer Contract (the “Equity Transfer Contract”) with Mr. Shengyang Xu, pursuant to which Hitrans will initially acquire a 26% equity interest in Zhejiang Shengyang Renewable Resources Technology Co., Ltd. (“Zhejiang Shengyang”) from Mr. Xu, an individual who currently holds 97% of Zhejiang Shengyang, for a price of RMB28.6 million (approximately $3.9 million) (the “Initial Acquisition”). Neither Mr. Xu, nor Zhejiang Shengyang is related to the Company.
Schedule of Related Party Transactions The Company entered into the following significant related party transactions:
   Three months ended
September 30,		   Nine months ended
September 30,		 
   2022   2023   2022   2023 
Purchase of batteries from Zhengzhou BAK Battery Co., Ltd    $10,624,282   $7,554,266   $25,743,966   $11,057,190 
Purchase of materials from Zhejiang Shengyang Renewable Resources Technology Co., Ltd  $5,449,408   $3,778,670   $14,459,067   $9,008,190 
Sales of cathode raw materials to Zhengzhou BAK Battery Co., Ltd      $5,454,367   $5,822,065   $52,064,148   $22,815,451 
Sales of cathode raw materials to Shenzhen BAK Power Battery Co., Ltd  $3,540,494   $
-
   $8,269,441   $
-
 
Schedule of Receivables from Former Subsidiary Apart from the above, the Company recorded the following significant related party balances as of December 31, 2022 and September 30, 2023:
   December 31,
2022		   September 30,
2023		 
         
Receivables from Shenzhen BAK Power Battery Co., Ltd  $5,518,052   $323,973 
Less: Allowance for credit losses   
-
    
-
 
   $5,518,052    323,973 
Schedule of Other Balances Due From/ (to) Related Parties Balance as of December 31, 2022 and September 30, 2023 consisted of receivable for sales of cathode materials to Shenzhen BAK Power Battery Co., Ltd.
   December 31,
2022		   September 30,
2023		 
         
Trade receivable, net – Zhengzhou BAK Battery Co., Ltd. (i)  $9,156,383   $15,051,787 
           
Bills receivable – Issued by Zhengzhou BAK Battery Co., Ltd. (ii)    $2,941,683   $1,818,029 
           
Trade payable, net – Zhengzhou BAK Battery Co., Ltd (iii)  $5,629,343   $5,405,548 
           
Trade payable, net – Zhejiang Shengyang Renewable Resources Technology Co., Ltd  $3,201,814   $3,679,081 
           
Deposit paid for acquisition of long-term investments - Shenzhen BAK Power Battery Co., Ltd. (note 13)   $
-
   $1,704,350 
           
Dividend payable to non-controlling interest of Hitrans (note 16)  $1,290,942   $1,225,929 
(i)Representing trade receivable from sales of cathode raw materials to Zhengzhou BAK Battery Co., Ltd. Up to the date of this report, Zhengzhou BAK Battery Co., Ltd. repaid $2.5 million to the Company.
(ii)Representing bills receivable issued by Zhengzhou BAK Battery Co., Ltd. The Company endorsed the bills receivable as of December 31, 2022 to suppliers for settling trade payable subsequent to December 31, 2022. Bills receivable as of September 30, 2023 were pledged to bank as security for issuance of bills payable (note 14).
(iii)Representing trade payable on purchase of batteries from Zhengzhou BAK Battery Co., Ltd.
Schedule of Payables to a Former Subsidiary Payables to former subsidiaries as of December 31, 2022 and September 30, 2023 consisted of the following:
   December 31,
2022		   September 30,
2023		 
Payables to Shenzhen BAK Power Battery Co., Ltd      $(358,067)  $(389,250)